Descending Triangle BTC 1D:
Chart pattern forming Descending Triangle
- Volume Weakening
- MACD trend downwards
- RSI descending trend line, yet to retest support at 30
Breakout bearish will result in a retest major support at 4200
Breakout bullish could retest major resistance at 5200
Note: BTC.D is also at a major support at 40% which could trigger a sell off and gain more market dominance (see link for related idea)
Chart pattern forming Descending Triangle
- Volume Weakening
- MACD trend downwards
- RSI descending trend line, yet to retest support at 30
Breakout bearish will result in a retest major support at 4200
Breakout bullish could retest major resistance at 5200
Note: BTC.D is also at a major support at 40% which could trigger a sell off and gain more market dominance (see link for related idea)
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